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Banking (Depositors Compensation) (Amendment) (Jersey) Regulations 200-

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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A decision made 2 December 2009 regarding: Banking (Depositors Compensation) (Amendment) (Jersey) Regulations 200-.

Decision Reference:   MD-E-2009-0216 

Decision Summary Title :

Banking (Depositors Compensation) (Amendment) (Jersey) Regulations 200-

Date of Decision Summary:

30 November 2009

Decision Summary Author:

Finance Industry Development Executive

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

n/a

Written Report

Title :

Banking (Depositors Compensation) (Amendment) (Jersey) Regulations 200-

Date of Written Report:

30 November 2009

Written Report Author:

Finance Industry Development Executive

Written Report :

Public or Exempt?

Public

Subject:    

Lodging of the draft Banking (Depositors Compensation) (Amendment) (Jersey) Regulations 200- (“the draft Amendment”)  

Decision(s):  

The Minister approved the draft Amendment to the Banking (Depositors Compensation) (Jersey) Regulations 200- (“the Principal Regulations”) and directed that it be lodged au Greffe for debate by the States on 19 January 2010.

Reason(s) for Decision: 

The Principal Regulations prescribe offences for failing to comply with the Banking Business (Depositors Compensation) (Jersey) Regulations 2009 (“the DCS Regulations”).  The draft Amendment would amend the Principal Regulations so as to make it an offence for a person to disclose information received under the DCS Regulations without consent, subject to certain specified exceptions.

Resource Implications: 

There are no financial or manpower implications for the States.

Action required: 

The draft Amendment to be lodged au Greffe for debate by the States on 19 January 2010.

Signature:  Senator A.J.H.Maclean  
 

Position: Economic Development Minister

Date Signed: 

Date of Decision (If different from Date Signed): 
 

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